Winthrop Advisory Group LLC Takes $204,000 Position in Citigroup Inc. (NYSE:C)

Winthrop Advisory Group LLC purchased a new stake in Citigroup Inc. (NYSE:CGet Rating) during the first quarter, according to its most recent filing with the SEC. The firm purchased 3,828 shares of the company’s stock, valued at approximately $204,000.

Several other large investors also recently made changes to their positions in the company. AM Investment Strategies LLC increased its holdings in shares of Citigroup by 0.7% in the 4th quarter. AM Investment Strategies LLC now owns 22,279 shares of the company’s stock valued at $1,345,000 after acquiring an additional 164 shares during the period. Affinity Investment Advisors LLC increased its holdings in shares of Citigroup by 3.5% in the 4th quarter. Affinity Investment Advisors LLC now owns 5,083 shares of the company’s stock valued at $307,000 after acquiring an additional 172 shares during the period. Cape ANN Savings Bank grew its stake in Citigroup by 1.4% during the 3rd quarter. Cape ANN Savings Bank now owns 13,355 shares of the company’s stock worth $937,000 after buying an additional 180 shares during the last quarter. Connable Office Inc. grew its stake in Citigroup by 0.3% during the 4th quarter. Connable Office Inc. now owns 57,976 shares of the company’s stock worth $3,501,000 after buying an additional 196 shares during the last quarter. Finally, Culbertson A N & Co Inc grew its stake in Citigroup by 0.9% during the 4th quarter. Culbertson A N & Co Inc now owns 22,654 shares of the company’s stock worth $1,368,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.

Shares of NYSE C opened at $46.76 on Thursday. The stock has a market cap of $92.63 billion, a P/E ratio of 5.57, a PEG ratio of 0.62 and a beta of 1.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.42. Citigroup Inc. has a 12-month low of $45.40 and a 12-month high of $74.64. The business’s fifty day simple moving average is $50.22 and its 200-day simple moving average is $56.95.

Citigroup (NYSE:CGet Rating) last announced its quarterly earnings data on Thursday, April 14th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.28. The business had revenue of $19.16 billion for the quarter, compared to analysts’ expectations of $18.12 billion. Citigroup had a return on equity of 10.96% and a net margin of 22.95%. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $3.62 earnings per share. On average, equities analysts forecast that Citigroup Inc. will post 6.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Monday, May 2nd were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Friday, April 29th. Citigroup’s dividend payout ratio is presently 24.06%.

Several brokerages recently weighed in on C. TheStreet downgraded Citigroup from a “b-” rating to a “c+” rating in a research note on Tuesday. Piper Sandler dropped their target price on Citigroup from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. Wells Fargo & Company dropped their target price on Citigroup from $80.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, March 14th. StockNews.com began coverage on Citigroup in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays dropped their price target on Citigroup from $73.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $69.87.

Citigroup Profile (Get Rating)

Citigroup Inc, a diversified financial services holding company, provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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